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In re Initial Public Offering Securities Litigation

United States Court of Appeals for the Second Circuit

471 F.3d 24 (2006)

Civil Procedure
Relevant factsFree

Investors (plaintiffs) sued underwriters (defendants) for Exchange Act violations in consolidated class actions; the district judge granted class certification based on the investors having made "some showing" that Rule 23's requirements were satisfied, and the underwriters appealed.

IssueFree

Must all requirements of Federal Rule of Civil Procedure 23 be met for a class to be certified?

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